Commentary

D1.701 Overview of loan relationships and scope of the loan relationships legislation

Corporate tax
Corporate tax | Commentary

D1.701 Overview of loan relationships and scope of the loan relationships legislation

Corporate tax | Commentary

Division D1.7     Loan relationships

Revised by JOHN LINDSAY BA, FCA, FTII,

Consultant, Linklaters

Overview of loan relationships

D1.701 Overview of loan relationships and scope of the loan relationships legislation

The loan relationship legislation1 applies to loans of money and also to money debts that are evidenced by the issue of a security (eg loan notes issued by a company in order to acquire shares in another company). Money debts that do not arise from a transaction for the lending of money can also be treated as loan relationships2 but in such cases only discount, interest and foreign exchange movements are brought into account

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